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Prepare journal entries to record these interfund transactions in each affected fund:1. The General Fund makes a short-term loan of $75,000 to a Special Revenue Fund.2. The General Fund sends $100,000 cash to the Debt Service Fund so the latter fund can pay the debt service on general obligation bonds.3. The General Fund receives a bill for $45,000 from the Motor Pool Internal Service Fund for motor vehicle services provided to city agencies in April.4. The General Fund had previously paid $34,000 for consulting services and recorded the entire amount as expenditures. It now bills the Capital Projects Fund $10,000 for that fund share of the consulting services.
Gemstone Corporation has a sales budget for next month of $600,000. Cost of goods sold is expected to be 30 percent of sales. All goods are purchased in the month used and paid for in the month following purchase.
Record the transactions in the journal. Prepare the stock holders equity section of the Cohen Canoes Incorporated, balance sheet at May 31. The ending balance of retained earnings is $55,000.
in the avaition community are there written regulatory or legal guidelines concerning managerial accounting
inez butler is the sole shareholder of pelican inc. which owns car dealerships. pelican purchases the assets of a
Equipment acquired under capital leases and used by activities accounted for in governmental funds should be recorded in the governmental activities accounts at the inception of the lease at:
john thomas has recently entered into an agreement with longma inc. under this agreement john will sell its products
determine the net cash flows from operating activities investing activities and financing activities. also determine
tanner appliance company manufactures 12600 units of part m4 annually. the part is used in the production of one of its
explain what type of audit report is used when the entity would not allow the cpa to confirm any of the accounts
this lab requires you tofind particular terms of a sequence from the general term.use recursion formulas.use factorial
if you were to get a physical from your doctor and he or she only took your blood pressure prior to stating that you
the equipment has been depreciated using the sum-of-the-years-digits method for the first 3 years for financial
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